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Construction Quarterly by Forvis Mazars – How Is the Industry Faring? It All Comes Back to Backlog

The construction industry is in a solid position as we head into the next quarter of 2023. Not only is demand for construction the highest it’s been in years, but government funding is flowing, and infrastructure projects are plentiful.
Picture of the Construction Quarterly (April 2023) as a magazine against a transparent background.

The Backlog Dilemma

As we head into the next quarter of 2023 with hints of a recession looming, demand for construction is the highest it’s been in years, government funding is flowing, and infrastructure projects are plentiful. But in an unpredictable market, do backlogs still provide the stability they once represented?

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